Financial Strength

Financial Strength and Stewardship.

As an Asbury community, Asbury Solomons enjoys the financial security and benefits of being part of the one of the largest not-for-profit retirement systems in the U.S. With Financial Strength and Stewardship as one of its Core Values, the Asbury system makes it a top priority to maintain and enhance its financial strength to serve increasing numbers of people 60 years and older.

Asbury regularly communicates its financial health with stakeholders.

To view Asbury's most recent Annual Report, Social Accountability Report and Audited Consolidated Financial Statement, please visit this page on the Asbury Communities website. Asbury Solomons' IRS Tax Return - 990 Form can be downloaded at the bottom of this page.

As a not-for-profit, Asbury is driven by a mission of service and overseen by a volunteer Board of Directors that is charged with positioning the system for perpetual success. Asbury has volunteer financial experts on the Audit Committee and Finance Committee that assist in overseeing the Asbury system’s fiscal strength. Asbury monitors and strengthens its fiscal health by:

Requiring an annual audit by an industry leading audit firm to review the system’s consolidated annual statements. The most recent audit resulted in an unqualified opinion on all financial statements with no material weaknesses, adjustments or reclassifications cited and full compliance with all debt covenants.

Participating in a national accreditation process, operated by CARF International. Each year, Asbury evaluates its financial performance against various benchmarks – including profitability, liquidity and capital structure – to identify trends and evaluate strengths relative to other accredited communities and systems throughout the United States.

Building financial reserves to support its mission and provide capital for future investment, including renovation or expansion of its five communities. These financial reserves, and additional income they generate, establish a solid financial base that allows Asbury to weather times of economic challenge. Asbury’s bonds require the maintenance of adequate reserves.

Ensuring high levels of occupancy, supporting the system’s overall financial health. Asbury’s occupancy is well above national averages reported by an industry monitor, the National Investment Center.

Asbury Solomons combines the beauty and relaxation of resort-style living with all the benefits of a Continuing Care Retirement Community. Located in Solomons, Maryland on the banks of the Patuxent River, Asbury Solomons provides a lifestyle of wellness for today’s active seniors complete with secure plan for future healthcare needs. Choose from a variety of independent living options, all with the assurance of assisted living and skilled care on site, if ever needed. In partnership with Asbury, a national leader in retirement living, Asbury Solomons provides a unique environment for exceptional living.